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Lucas Fox presents this 256 m apartment located in the Castellana neighbourhood , which is on the fifth floor of an elegant building with a classic facade
Madrid, Madrid, Spain, 28006
REF: 871877
€3,700,000
Description
Lucas Fox presents this 256 m apartment located in the Castellana neighbourhood , which is on the fifth floor of an elegant building with a classic facade. The southerly aspect property receives abundant natural light throughout the day and provides a warm and welcoming atmosphere in all its rooms. The apartment is in need to renovate, but offers a generous and versatile space that can be fully customized to the taste and needs of the future owner. The 3.1-meter-high ceilings add a sense of spaciousness and elegance to the property , and architectural details such as moldings or hanging lamps could be incorporated. In addition, the building has a concierge service for greater security and comfort. This is a property in a prime location, with the potential to become a luxury apartment in one of the most sought-after areas of the city. Please contact us for more information.
Lucas Fox presents this 256 m apartment located in the Castellana neighbourhood , which is on the fifth floor of an elegant building with a classic facade. The southerly aspect property receives abundant natural light throughout the day and provides a warm and welcoming atmosphere in all its rooms. The apartment is in need to renovate, but offers a generous and versatile space that can be fully customized to the taste and needs of the future owner. The 3.1-meter-high ceilings add a sense of spaciousness and elegance to the property , and architectural details such as moldings or hanging lamps could be incorporated. In addition, the building has a concierge service for greater security and comfort. This is a property in a prime location, with the potential to become a luxury apartment in one of the most sought-after areas of the city. Please contact us for more information.
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Currency Exchange
Madrid, Madrid, Spain, 28006
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €3,700,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €3,700,000 | £3,077,956 | £3,184,294 | £106,338 |
| Property Price € | €3,700,000 |
| Minimum cost in the last six months | £3,077,956 |
| Maximum cost in the last six months | £3,184,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £106,338 |
Madrid, Madrid, Spain, 28006
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €3,700,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €3,700,000 | £3,077,956 | £3,184,294 | £106,338 |
| Property Price € | €3,700,000 |
| Minimum cost in the last six months | £3,077,956 |
| Maximum cost in the last six months | £3,184,294 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £106,338 |
The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £106,338 more.
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